Overconfidence refers to the tendency to group of answer choices cling to our initial beliefs, even though they have been proven wrong. search for information that supports our preconceptions. underestimate the extent to which our beliefs and judgments are wrong. judge the likelihood of an event based on its availability in memory.

underestimate the extent to which our beliefs and judgments are wrong.

Explanation:

Overconfidence effect:-

This effect is the well-established bias effect in which the subjective confidence of the person in his/her judgements is greater than objective accuracy of these judgements when the confidence is high especially. It is an example of the miscalibration of the subjective probabilities.

Hence, the correct option is - underestimate the extent to which our beliefs and judgments are wrong.